WWE's Video Game Partner Issued A Delisting Notice From NASDAQ

Forbes is reporting that WWE's video game partner THQ has been issued a delisting notice from NASDAQ due to their stock trading under the minimum of $1 for the past 30 days. They have 180 days to turn things around and start trading above a dollar for ten consecutive days or face being removed from the market.

There were rumors earlier this month that THQ was done for and they had canceled their 2014 lineup. The company issued a statement and said they had not canceled the lineup and had not made any decisions "regarding the planned MMO."

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Richard Gray is the owner and editor of WrestlingNewsWorld.com. Covering the professional wrestling business since 1999, Richard holds a Bachelor of Arts degree from West Virginia University. He is also the owner of Gray Internet Technologies, LLC. and should be contacted with all business matters. You can friend him on Facebook and follow him on Twitter. Email him directly at [email protected].

MsMojoRisin

since i dont understand stocks, will someone explain this to me?

Jas

Good riddance THQ. They released a patch for WWE '12 yesterday. It's still an extremely flawed game, but the patch manages to screw up even more things. Amazing.

Hope the WWE license goes to someone else. An entire overhaul of the series would be best.

Still, I’d like to see THQ pull through this. Other games in their line-up are pretty good.

Chris

In a nutshell, THQ’s stock is in the toilet. If they are delisted, their stock can still be sold, but not on NASDAQ, which is home to a lot of tech companies. It will be a lot harder for them to sell stock and raise capital. Rumors of them going under or being sold will hurt the company more. If they can’t get above a $1 for a month, don’t expect THQ to last very long.

Dustyn

If WWE was looking for a new company to make their games, I would go with EA. Their games are great, amazing graphics/reality, and I don't think their going anywhere any time soon.

outkazt09

Have you played WCW Mayhem and WCW Backstage Assault by EA? No thanks.

Dizzintut

That would be amazing. I would love it if they paired with EA. EA and WWE video games would be sweet!!!!

Luke_Trewarne

THQ are going to stop focusing on ‘child friendly’ games and start to focus on the core of their franchise eg. Games like saints row that make them money. They will turn it around and intact if stock is so low it might be a good gamble to buy some stock

Chris

Only downside to that idea is that it is common stock, not preferred, and if there is a merger or they ate bought out, then the common stock is the last to be paid out, and in many situations becomes worthless.

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